How To Fix FINS_FI_SIF015 - Balance carryforward has not yet been executed for &1/&2 in &3

FINS_FI_SIF015 - Overview

• Message type: E = Error

• Message class: FINS_FI_SIF - SAP S/4HANA Finance: Subsequent Implementation of Functions

• Message number: 015

• Message text: Balance carryforward has not yet been executed for &1/&2 in &3

What causes this issue?

Before you can execute the activities of the project in the current
fiscal year &V3& for company code &V1&, the balance carryforward must
have already been executed in the source ledger &V2&. This step is
necessary in order to avoid any data inconsistencies in the target
ledger.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Execute
<DS:TRAN.FAGLGVTR>Balance Carryforward</> for company code &V1& in
source ledger &V2& and fiscal year &V3&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_FI_SIF015 - Details

• The SAP error message FINS_FI_SIF015 indicates that the balance carryforward process has not been executed for a specific company code, fiscal year, and ledger. This message typically arises in the context of financial accounting when trying to perform operations that require the balance carryforward to be completed first.
  
  Cause:
  The error occurs when:
  
  The balance carryforward process has not been executed for the specified company code (&1), fiscal year (&2), and ledger (&3).
  The system is trying to access financial data that is dependent on the balance carryforward being completed.
  There may be a configuration issue or a missing step in the year-end closing process.
  
  
  Solution:
  To resolve this error, you should follow these steps:
  
  
  Execute Balance Carryforward:
  
  Navigate to the transaction code S_ALR_87012357 (or use the appropriate transaction for your version of SAP) to execute the balance carryforward.
  Ensure that you have the necessary authorizations to perform this action.
  
  
  
  Check Configuration:
  
  Verify that the configuration for the balance carryforward is set